Settlor Prerogatives Regarding Plan Dispositions. Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement shall be construed to require Allegion to maintain an Allegion Benefit Plan for a specific period of time, or into perpetuity, and further, nothing herein shall be construed to inhibit or otherwise interfere with Allegion’s ability to terminate an Allegion Benefit Plan, so long as the termination of an Allegion Benefit Plan that is intended to be qualified under Section 401(a) of the Code does not jeopardize the tax-qualified status of the Allegion Benefit Plan.
Appears in 4 contracts
Samples: Matters Agreement, Employee Matters Agreement (Allegion PLC), Employee Matters Agreement (Ingersoll-Rand PLC)
